If you thought money was done corrupting the news, think again. Conservative billionaire archfiends David and Charles Koch are said to be pursuing the Tribune Co. newspaper group, which includes the Los Angeles Times, Chicago Tribune and Baltimore Sun.
Charges against Iran’s Sepah News for digitally altering a photo of the country’s missile tests on Wednesday arose Friday after analysts discovered what is clearly a Photoshopped extra missile in an image released by the media arm of the Iranian Revolutionary Guards. The image, which was used by the L.A. Times and the Chicago Tribune on their front pages, was later retracted.
Tribune Media, the conglomerate that owns the Los Angeles Times along with other major newspapers, TV stations and even the Chicago Cubs, announced it is considering offers for its sale. The economic wisdom of conglomeration has come under fire in recent years, but Tribune’s troubles have raised concerns over the future of the newspaper industry in general.